Neighbourhood Technology Desk/Avi Arya: Facebook Inc Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge Analytica. But he pushed back on congress members’ suggestions that users do not have enough control of their data on Facebook in the wake of the privacy scandal at the world’s largest social media network.
Once again wearing a dark suit instead of his usual gray T-shirt, the hearing was Zuckerberg’s second in two days. On Tuesday, he took questions for nearly five hours in a U.S. Senate hearing without making any further promises to support new legislation or change how the social network does business, foiling attempts by senators to pin him down. Investors were impressed with his initial performance. Shares in Facebook posted their biggest daily gain in nearly two years on Tuesday, closing up 4.5%. They were down 0.7% in early trading on Wednesday.